Vince McMahon most all, of course.
Breaking down just how much stock and what portion of WWE voting rights are controlled by whom can be complicated, though.
The confusion is mainly because WWE has two share classes, which is common for many publicly traded companies. Facebook is another company that grants its founder a preferred class of shares that allow the founder-shareholder to possibly sell shares down to a small minority while still maintaining control of the company.
As of today, Vince McMahon holds about one-third of all diluted WWE shares, but the vast majority of voting rights. His class B shares give him 10x voting power over the voting power for class A “common stock”.
Other McMahon family members, Linda and Stephanie also hold class B stock. Shane McMahon used to hold a large amount of class B shares but appears to have disposed of all his shares by 2014. Only the descendants of Vince and Linda can hold class B stock. Those privileged shares cannot be sold or transferred to others who are not descendants. When McMahon family members sell stock, those shares are converted to class A stock.
Despite his marriage to Stephanie, WWE EVP Paul Levesque only owns class A shares, which is awarded to him regularly as part of his compensation.
As a result, voting power actually breakdown as shown in the pie chart below:
Let’s look at who are some of the top WWE stockholders.
- Vince McMahon: WWE’s long-time chief executive, current CEO and chairman of the board of directors. He holds about 34% of shares and 80% of voting power.
- Lindsell Train Limited: The largest institutional owner of WWE shares, owning about 12% of shares and less than 3% of voting power. The U.K.-based firm is majority-owned by founders Nick Train and Michael Lindsell. Other big investments for this firm currently include Manchester United, eBay, PayPal, Pepsico, and Disney. As of June 30, the firms’ assets were worth £21.7 billion, or $27 billion USD.
- Stephanie McMahon: WWE’s Chief Brand Officer and a member of its board of directors. She holds about 2% of all shares and 5% of voting power. This doesn’t include the 81,325 shares held by her husband, WWE EVP Paul Levesque. His shares are just a fraction of Stephanie’s 1,885,387 shares; 23x that of Paul’s shares. Stephanie has the second-most voting power, at 5%, since most of her shares are class B stock.
- Linda E. McMahon: The former WWE president and husband of Vince McMahon holds less than 1% of WWE stock, but those are class B shares. So her voting power account for about 1.6%.
- Vanguard Group: This multinational investment firm is headquartered in Pennsylvania and holds 5% of shares and 1% of voting power. They hold shares in thousands of companies. Their assets were worth more than $6 trillion in January. Vanguard is the largest provider of mutual funds and the second-largest provider of ETFs, second only to…
- BlackRock, Inc.: Another massive investment corporation that holds stake in thousands of companies. BlackRock holds 5% of WWE and 1.2% of voting rights. You can buy stock in BlackRock itself on the New York Stock Exchange.
Scroll through share count histories for select WWE shareholders here: Vince, Linda, Shane, Stephanie, Paul Levesque, Kevin Dunn, George Barrios, Michelle Wilson
View my count of the data with references to SEC filings here: https://docs.google.com/spreadsheets/d/1nSaCmjvrIYUWT1SNiNMiBXeS6zGux6d2ujuYrwgciu0/edit?usp=sharing
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